The Keg Royalties Stock Market Value
| KEG-UN Stock | CAD 15.01 0.14 0.92% |
| Symbol | Keg |
Keg Royalties Price To Book Ratio
Keg Royalties 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Keg Royalties' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Keg Royalties.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Keg Royalties on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding The Keg Royalties or generate 0.0% return on investment in Keg Royalties over 30 days. Keg Royalties is related to or competes with Boston Pizza, SIR Royalty, Pizza Pizza, and Chemtrade Logistics. The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust More
Keg Royalties Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Keg Royalties' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess The Keg Royalties upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7769 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 3.76 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.01 |
Keg Royalties Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Keg Royalties' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Keg Royalties' standard deviation. In reality, there are many statistical measures that can use Keg Royalties historical prices to predict the future Keg Royalties' volatility.| Risk Adjusted Performance | 0.0567 | |||
| Jensen Alpha | 0.0685 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | (0.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Keg Royalties' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Keg Royalties Backtested Returns
At this point, Keg Royalties is very steady. Keg Royalties has Sharpe Ratio of 0.0323, which conveys that the firm had a 0.0323% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Keg Royalties, which you can use to evaluate the volatility of the firm. Please verify Keg Royalties' Downside Deviation of 0.7769, risk adjusted performance of 0.0567, and Market Risk Adjusted Performance of (0.21) to check out if the risk estimate we provide is consistent with the expected return of 0.0244%. Keg Royalties has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Keg Royalties are expected to decrease at a much lower rate. During the bear market, Keg Royalties is likely to outperform the market. Keg Royalties right now secures a risk of 0.76%. Please verify The Keg Royalties coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to decide if The Keg Royalties will be following its current price movements.
Auto-correlation | -0.37 |
Poor reverse predictability
The Keg Royalties has poor reverse predictability. Overlapping area represents the amount of predictability between Keg Royalties time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Keg Royalties price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Keg Royalties price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Keg Royalties lagged returns against current returns
Autocorrelation, which is Keg Royalties stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Keg Royalties' stock expected returns. We can calculate the autocorrelation of Keg Royalties returns to help us make a trade decision. For example, suppose you find that Keg Royalties has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Keg Royalties regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Keg Royalties stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Keg Royalties stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Keg Royalties stock over time.
Current vs Lagged Prices |
| Timeline |
Keg Royalties Lagged Returns
When evaluating Keg Royalties' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Keg Royalties stock have on its future price. Keg Royalties autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Keg Royalties autocorrelation shows the relationship between Keg Royalties stock current value and its past values and can show if there is a momentum factor associated with investing in The Keg Royalties.
Regressed Prices |
| Timeline |
Pair Trading with Keg Royalties
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Keg Royalties position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Keg Royalties will appreciate offsetting losses from the drop in the long position's value.Moving together with Keg Stock
Moving against Keg Stock
The ability to find closely correlated positions to Keg Royalties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Keg Royalties when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Keg Royalties - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling The Keg Royalties to buy it.
The correlation of Keg Royalties is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Keg Royalties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Keg Royalties moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Keg Royalties can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Keg Stock
Keg Royalties financial ratios help investors to determine whether Keg Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Keg with respect to the benefits of owning Keg Royalties security.